“BUY UPL
ABOVE 744 TGT 755/765 SL 732”
READ MORE TO KNOW TECHNICAL BASIS :
Primary trend of the stock is bullish and it may consolidating
NEAR the 1150 level .It is expected to continue the bull run with the
crossing of the resistance level of 1155, as the stock is sustaining above its
200 and 50&22 days moving averages with 55 RSI. One may initiate the long
position above the mentioned level for the targets of 1175,1200 and with the
strict stop loss of 1120.
NIFTY down 13
points market warry ahead of Union Budget
The Nifty
started the week on a negative note with a gap-down opening at 8,645 levels.
There after it continues to trade sideways in a narrow intra-day range between
8,636 and 8,666 levels. Nifty is also trading sideways in a narrow range. The
market breadth is biased towards declines. Domestic indices turned cautious on
Monday ahead of Budget 2017 after a strong rally in the previous week. Traders
with a short-term perspective should desist trading in the Nifty February
futures contract as long as it trades in the band between 8,636 and 8,670.Only
a strong fall below the immediate support level of 8,636 will be a cue for
initiating fresh short positions with a fixed stop-loss. Next key supports are
at 8,620 and 8,600 levels. On further slump below 8,600, the contract can test
supports at 8,580 and 8,550 levels. Key resistance beyond 8,670 is in the band
between 8,690 and 8,700. Subsequent resistance is placed at 8,720 levels.
TOP GAINERS: Idea, Bharti Airtel, Sun Pharma, Grasim and Dr Reddy
TOP
LOSERS: Infratel, Aurobindo Pharma, Tata Motors and Tata Steel
I will trade on your UPL call which you given , SO please suggest me for that call..
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Deletei must say yours levels are very accurate...UPL never crossed 744...can i get live stock future tips in market...
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